By Nimesh Vora MUMBAI (Reuters) -India’s foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India’s weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, …
(Reuters) -Shares of JSW Cement debuted 4% higher on Thursday valuing the firm at $2.38 billion as investors looked past broader market jitters to back the company’s capacity expansion plans and push into new regional markets. The stock listed at 153.50 rupees on the National Stock Exchange, above its 147 rupees issue price and just …
India’s JSW Cement gains 4% in debut with a $2.38 billion valuation Read More »
By Khushi Malhotra and Swati Bhat MUMBAI (Reuters) -The rally in India’s long-duration bonds is faltering due to dwindling demand from banks, insurers and pension funds, coupled with rising fiscal concerns and limited potential for further rate cuts, according to several investors. Long bonds, or government securities with maturities of 10 years or more, are …
India’s long bond rally falters as fiscal risks mount, demand ebbs Read More »
By Chibuike Oguh NEW YORK (Reuters) -An index of global equity markets rose to a record high for the second straight session on Wednesday, partly underpinned by bullish sentiment on Wall Street as investors positioned for a likely interest rate cut from the U.S. Federal Reserve. The MSCI All Country World Index rose as high …
World equities hit record highs, US yields fall on optimism for Fed rate cut Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold rose on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild U.S. inflation data cemented expectations for a Federal Reserve rate cut in September and nudged up bets on additional easing later this year. Spot gold gained 0.3% to $3,355.58 per ounce by 4:58 p.m. …
Gold gains on weak dollar, investors ramp up Fed rate cut bets Read More »
MUMBAI (Reuters) -India’s markets regulator on Wednesday proposed to include new market practises such as algorithmic trading and proprietary trading in its master regulations. At present, such activities are covered under broad guidelines and circulars that are legally binding and issued whenever needed, but the Securities and Exchange Board of India (SEBI) now aims to …
India markets regulator proposes to add algo trading into stock broker regulations Read More »
(Reuters) -Tata Motors-owned Jaguar Land Rover is recalling more than 121,500 vehicles in the United States due to cracked suspension knuckles in the front, the U.S. National Highway Traffic Safety Administration said on Wednesday. The recall includes Range Rover and Range Rover Sport vehicles, NHTSA said. (Reporting by Ananya Palyekar in Bengaluru; Editing by Janane …
(Reuters) -United Spirits reported quarterly profit below analysts’ estimates on Wednesday, as higher marketing spends overshadowed affluent Indians’ sustained demand for premium liquor. The Indian arm of spirits maker Diageo reported a profit of 2.58 billion rupees ($29.50 million) for the quarter ended June 30, a fall of 14% from a year ago. Analysts, on …
India’s United Spirits misses quarterly profit estimates on higher spends Read More »
(Reuters) -Indian IT services company Infosys said on Wednesday that it would take a 75% stake in Versent Group, a wholly owned unit of Australia’s Telstra Group, for A$233.3 million ($153 million). Versent Group provides cloud services to Australian organisations in sectors such as finance, energy, utilities, government and education, Infosys said in a statement. …
India’s Infosys to buy 75% stake in Telstra unit for $153 million Read More »
By Ashwin Manikandan MUMBAI (Reuters) -A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country’s financial sector, while safeguarding it against associated risks, according to a report released on Wednesday. The committee has recommended setting up a digital infrastructure to help build indigenous AI models and a multi-stakeholder …
India cenbank committee recommends AI framework for finance sector Read More »
